January 16, 2024
Market Notices
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January 11, 2024
GMF publishes the final framework on a fee for failing to settle GoC securities transactions
The Government of Canada Market Functioning Steering Group (GMF) published today the final framework on a fee for failing to settle Government of Canada (GoC) bond and bill transactions. -
January 3, 2024
Bank of Canada conducts Overnight Repo operation
The Bank of Canada today conducted an Overnight Repo (OR) operation, which is a regular tool that is part of the Bank’s standard operating framework for implementing monetary policy. -
December 21, 2023
Summary of Comments – Summer 2023 Canada Mortgage Bonds Consultation
In Budget 2023, the government announced its intention to hold market consultations on a proposal to consolidate Canada Mortgage Bonds (CMBs) within the regular Government of Canada (GoC) borrowing program. -
December 21, 2023
Summary of Comments – Fall 2023 Debt Management Strategy Consultations
Today, the Fall 2023 Debt Management Strategy Consultations Summary is being published, following the release of the Government of Canada’s Economic and Fiscal Update 2023. -
December 15, 2023
Bank of Canada announces changes to communications of interest rate decisions
The Bank of Canada today announced changes to its procedures for communicating monetary policy decisions, which will take effect in 2024. -
November 30, 2023
CARR amends recommended fallback for CDOR NHA MBS, and publishes a guide for Canadian companies transitioning from CDOR
In 2021, CARR published “Recommended fallback language for FRNs referencing CDOR” which recommended that CDOR-linked floating rate notes (FRNs), including floating rate NHA MBS, fall back from CDOR to a CORRA fallback rate (“Fallback Rate (CORRA)” as defined in the document). -
November 16, 2023
CARR publishes recommended conventions for Term CORRA swaps
Today, the Canadian Alternative Reference Rate working group (CARR) published two recommended conventions for interest rate swaps referencing Term CORRA. -
October 26, 2023
Bank of Canada announces changes to Overnight Reverse Repo operations
The Bank’s Overnight Reverse Repo (ORR) operations help reinforce the Bank’s target for the overnight rate in a floor system with large settlement balances. -
October 16, 2023
CFIF recommends path for winding down BA market
Bankers’ Acceptances (BAs) will no longer be issued by the major Canadian banks after the cessation of the Canadian Dollar Offered Rate’s (CDOR) publication in June 2024.